Privacy should be at the core of CBDCs, says Boston Fed research director
Privacy should be a key talking point from the beginning of CBDC development. Robert Bench, the Federal Reserve Bank of Boston’s director of applied research, thinks privacy should be a focus during the creation of digital money, not an afterthought. “Privacy is a question that we have learned is critical from a technical perspective,” Bench said during a Chamber of Digital Commerce panel on Friday: “One of our learnings is that the questions of privacy and identity must be considered at the earliest stage of the architecture. Making privacy or identity an ad hoc process is suboptimal from....
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The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings of Their CBDC Research The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) released the initial findings of their central bank digital currency (CBDC) research on Thursday. This research is separate from the digital dollar research....
The Bitcoin foundation will hold the first of a series of roundtable discussions for developers in Boston next month. The organisation, which has recently narrowed down its activities, said the event is for developers interested in deepening their technical expertise to support the future development of Bitcoin Core. Gavin Andresen, chief scientist of the Bitcoin Foundation spoke about the need for the event, saying: "The biggest challenge for bitcoin startups right now is finding technical talent who understands the blockchain technology. Whatever your skill level or interest, this event....
The bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.” The Bank of Canada has partnered with the Massachusetts Institute of Technology (MIT) to work on a 12 month research project focused on the design of a Central Bank Digital Currency. According to a March 16 announcement, the bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.” The Bank of Canada stated that....
Bitcoin enthusiasts can catch DevCore Boston's inaugural roundtables via livestream from 8:30 a.m. to 4 p.m. Eastern Standard Time tomorrow, Feb. 11, at District Hall, 75 Northern Ave. in Boston, Mass. Tomorrow's event begins a series of DevCore Boston roundtables sponsored by Bitcoin Foundation for developers interested in deepening their technical expertise to support the future development of Bitcoin Core. The organizers developed the roundtables to build knowledge, widen understanding and deepen technical expertise to support the future development of Bitcoin Core. Attend via....
Susan M. Collins is set to become the first Black woman to head a Federal Reserve Bank. The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer.The seat has become vacant in September 2021, when the then-president Eric Rosengren expedited his retirement amid a controversy around his securities trading while in office. Collins, who is Jamaican-American, will become the first Black woman in the Fed’s history to lead a Federal Reserve Bank. She will assume office on....